Garware Hi-tech Films Limited · NSE:GRWRHITECH
Garware Hi-tech Films — Q2 FY27 Earnings Presentation
25 slides from Garware Hi-tech Films's earnings presentation, Oct 22, 2026
Slide 1: Exchange filing cover letter for Investor Presentation
October 22, 2026 The Compliance Manager The Manager, Listing Department BSE Limited National Stock Exchange of India Corporate Relationship Dept., Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Mumbai 400001. Bandra-Kurla Complex, Bandra (East), Mumbai 400 05
Slide 2: Q2 & H1 FY27 Investor Presentation
Q2 & H1 FY27 Investor Presentation
Slide 3: Contents
CONTENTS 01 Business Highlights 02 Company Overview 03 Product Overview 04 ESG
Slide 4: Safe Harbour
Safe Harbour Our discussion may include predictions, estimates or other information that might be considered forward-looking. While these forward-looking statements represent our current judgment on what the future holds, they are subject to risks and uncertainties that could cause actual results to
Slide 5: Business Highlights
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Slide 6: Message from the CMD
Message from the CMD Dr. S B Garware Chairman and Managing Director “We have delivered an exceptional performance despite significant headwinds, and we remain focused on sustainable growth and creating long-term value.” Ms. Monika Garware Vice Chairperson and Joint Managing Director “We have deliver
Slide 7: Q2 & H1 FY27 Consolidated Financial Performance
Q2 & H1 FY27 Consolidated Financial Performance (Rs. In Cr.) Revenue EBITDA PBT PAT Margins 23.4% 27.2% 21.1% 24.9% 16.0% 18.6% 189 696 173 129 570 133 Q2 FY27 120 91 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Revenue EBITDA PBT PAT Margins 24.1% 28.7% 21.7% 26.3% 16.4% 19.7% 350 262 1,
Slide 8: Quarterly Consolidated Performance Trend – Q2 & H1 FY27
Quarterly Consolidated Performance Trend – Q2 & H1 FY27 Revenue from Operations (₹ Cr) EBITDA Bridge (₹ Cr) – Q2 FY27 621 633 696 548 570 597 71.8 447 475 466 495 459 189.0 -4.2 -1.1 -16.5 133.3 5.7 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY24 FY25 FY25 FY25 FY25 FY26 FY26 FY26 FY26 FY27 FY27 EBITDA (₹ Cr)
Slide 9: GHFL × Lubrizol: Building India's Defining TPU Platform
Strategic Technology Partnership GHFL × Lubrizol: Building India's Defining TPU Platform Lubrizol’s TPU technology + Garware’s manufacturing expertise ₹118 Cr TPU extrusion platform investment Backward integration for premium 75% PPF New product development & technology 25% capabilities 150-200bps C
Slide 10: Entering a New Growth Vertical - PDLC Films for Smart Architecture
Entering a New Growth Vertical - PDLC Films for Smart Architecture Technology-led, high-value smart privacy solutions for modern buildings UPGRADE EXISTING GLASS. UNLOCK SMART PRIVACY. PDLC film enables instant switching between transparent and opaque states. Transparent Opaque 1 RETROFIT-LED SOLUTI
Slide 11: Raises FY27 EBITDA Margin Guidance to 27% ±2%
Raises FY27 EBITDA Margin Guidance to 27% ±2% FY27 revenue target of ₹2,500 Cr+ reaffirmed Medium-term FY25 FY26 H1FY27 FY27E Commitments Actual Actual Actual (Updated) FY28-31 Organic 25.8% 0.5%* 25% >20% ~20% CAGR sales growth ₹2,109 Cr ₹2,120 Cr ₹1,329 Cr ₹2,500+ Cr EBITDA 23.5% 23.6% 28.7% 27% ±
Slide 12: Company Overview
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Slide 13: Over 3 Decades of Innovation, Excellence & Growth
Over 3 Decades of Innovation, Excellence & Growth A GreenPro Certified company Winning Operational Business Full Stack Portfolio Marketing Strength & Model Excellence Metrics Value added Products Global Reach Contribution 86%* • 2 state-of-the-art Consumer Product Division (CPD) • Extensive Global d
Slide 14: 2017-2026: The Value Transformation Journey
2017-2026: The Value Transformation Journey Scaling the VAP Business and Unlocking Endless Opportunities Ahead FY18 to FY26 0 FY27 & Beyond Pivot towards B2C businesses , resulting in : Next leg of growth to come from these verticals: • Highly differentiated product portfolio Sun Control Films Paint
Slide 15: A Journey of Scalable Innovation
A Journey of Scalable Innovation Driving consistent capacity expansion and higher value creation through specialty and performance films. 2026 : Doubled PPF 2027: capacity to 2022 : TPU Line (Q3 2028: 60mn sq. ft. 2021 : Increased SCF 2024 : FY27) Estimated SCF Line Commissioned Entered PPF Capacity
Slide 16: Synergising Best in class marketing strategies & Hi-tech products
Synergising Best in class marketing strategies & Hi-tech products Expanding Our Reducing Environmental Expanding our product Introduction of new-age Touchpoints Footprint portfolio Technologies Attracting a larger customer base The only Indian company to get Launching brand new ceramic and GARNEST a
Slide 17: Business Strategy | Four Pillars
Business Strategy | Four Pillars Customer - Centric Growth Value - Added Manufacturing Strengthening Domestic Fostering Sustainable Annual Specialty films Excellence Market Share Financial Performance • Manufacturers & suppliers of • Fully vertically integrated chips-to- • Solid sales & marketing st
Slide 18: Product Overview
GARWARE HI-TECH FILMS Product Overview
Slide 19: Product Overview
Product Overview SunControl Film (SCF) Paint Protection Film (PPF) Industrial products Division Architectural Window Films As leaders in automotive PPF technology, we offer Superior UV protection enhancing comfort in Shrink Film advanced, durable solutions with excellent residential and commercial e
Slide 20: Product Strategy | Premium Market Positioning
Product Strategy | Premium Market Positioning Our 'Global' and 'Garware' brands target the high-end market, setting them apart from international competitors in the premium and economy categories Tier 1 Brand Technology Edge World’s Largest A premium global Winner of Prestigious One of World’s Super
Slide 21: ESG
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Slide 22: Environmental Stewardship
Environmental Stewardship Customer Centric ESG Commitment Our sophisticated and well - designed programs are well aligned with the UN's Sustainable Development Goals 2030 of Climate Action (SDG #13) Energy Efficiency Zero Waste Achievement Advanced Waste Management Circular Economy Integration • Tra
Slide 23: Building Better Communities, Creating Lasting Impact
Building Better Communities, Creating Lasting Impact Our CSR Initiatives across healthcare, wellness, environment and community support Drinking Water Support Eye Check Up Camp International Yoga Day Ensuring Access to Clean Water Supporting Health & Wellness Promoting Wellness & Holistic Living Wor
Slide 24: Consolidated Annual Performance
Consolidated Annual Performance Revenue from Operations (₹ Cr) EBITDA (₹ Cr) PAT (₹ Cr) Current Ratio (x) 15.7% 16.0% 220 16.0% 1,303 23.5% 23.6% 12.1% 1,438 1,677 2,109 2120 21.3% 400 12.8% 14.0% 4.4 4.3 4.4 18.7% 19.1% 350 170 11.6% 3.8 12.0% 3.5 20.0% 23% 25% 300 10.0% 15.0% 250 120 22% 30% 200 8
Slide 25: Thank You
THANK YOU Garware Hi-Tech Films Limited CIN: L10889MH1957PLC010889 Amar Yardi amar.yardi@garwarehitech.com / ir@garwarehitech.com Go India Advisors - Investor Relation contact Garima Singla Diya Kaswa Go India Advisors Go India Advisors Mail id : garima@goindiaadvisors.com Mail id : diya@goindiaadvi
Garware Hi-Tech Films — Q2 FY27 Earnings Presentation on 6ix